A HEADLINE article in the text indicates that the U.S.sugar producers favor a quota on imported sugar.Enforcement of a sugar quota will cause the price of sugar to _____ and quantity to ____.

Question

Quizplus · Accepted Answer

When a quota is placed on imported sugar, it limits the amount of sugar that can enter the domestic market from foreign countries. This reduces competition for domestic sugar producers, allowing them to charge higher prices and sell more quantity, resulting in an increase in price and a decrease in quantity for consumers.

A HEADLINE Article in the Text Indicates That the U